The 2022 FERS Pension COLA is the Biggest (But Worst) in 10 Years?

One of the best parts about being a federal employee is your pension and one of the best parts of your pension is the cost of living adjustments (COLA) that you receive in retirement.  And for those that are new to the subject, COLAs allow your pension to increase based on inflation. This is a big deal in helping you maintain your standard of living over time.  But as FERS employees, the problem is that your pension doesn’t always keep up with inflation.  And while the 2022 COLA looks like it will be the largest it's been in 10 years (that’s the good news), it also looks like it will lag behind inflation by the biggest margin in 10 years (that’s the bad news). Submit a question here: https://hawsfederaladvisors.com/question-submission-page/ The FERS Pre-Retirement Course: The Ultimate Guide: https://hawsfederaladvisors.thinkific.com Want to schedule a consultation? Click here: https://hawsfederaladvisors.com/work-with-us/ Check out the full article here: https://hawsfederaladvisors.com/blog/ My YouTube Channel: https://www.youtube.com/c/PlanYourFederalBenefits Check out "Building Wealth in The TSP" on Amazon: https://amzn.to/2FytP9W I am a practicing financial planner, but I'm not your financial planner. Please consult with your own tax, legal and financial advisors for personalized advice.